iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

3M plans to exit PFAS manufacturing by 2025

22 Dec 2022 , 02:40 AM

3M India announced that 3M, Minnesota will phase out the production of per- and polyfluoroalkyl substances (PFAS) and work to eliminate the use of PFAS across its product portfolio by the end of 2025. 

3M’s decision is based on careful consideration and a thorough evaluation of the evolving external landscape, which includes a number of factors such as accelerating regulatory trends aimed at reducing or eliminating the presence of PFAS in the environment, as well as shifting stakeholder expectations.

All fluoropolymers, fluorinated fluids, and PFAS-based additive products will be phased out by 3M. We will assist customers in making an orderly transition. During the transition period, 3M intends to fulfill current contractual obligations, stated the company in its media release.

The company stated that it has already reduced its use of PFAS over the past three years through ongoing research and development, and will continue to innovate new solutions for customers.

With these two actions, 3M pledges to innovate toward a world less reliant on PFAS. 3M’s products are suitable for their intended applications. 3M will continue to address PFAS remediation and litigation by defending ourselves in court or through negotiated settlements, as appropriate.

The current annual net sales of manufactured PFAS are around $1.3 billion, with EBITDA margins of around 16%.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • 3M
  • 3M India
  • 3M News
  • 3M PFAS manufacturing
  • 3M Updates
  • PFAS manufacturing
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.